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Lagarde’s Moment of ECB Crisis Reckoning, in a London Basement

  • 2 1/2-hour meeting with a pot of coffee stemmed Italy turmoil
  • ‘You have to kill it in the bud,’ president argues on tensions
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Lagarde Cites High Uncertainty, Restates ECB Hiking Plan
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It was while sitting apparently alone in a London hotel basement that Christine Lagarde engineered a fix to the euro zone’s most alarming debt turmoil since the pandemic struck.